National Bank Holdings Corporation (NYSE:NBHC) Stock Has Average Price Target of $42.33 According to Analysts

Shares of National Bank Holdings Corporation (NYSE:NBHC) have been given an average recommendation of “Hold” by the five research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $42.33.

A number of research firms recently commented on NBHC. Zacks Research upgraded shares of National Bank from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. DA Davidson decreased their price target on National Bank from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Stephens dropped their price target on National Bank from $44.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Monday, November 2nd. Piper Sandler lowered their price objective on National Bank from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Finally, Weiss Ratings lowered National Bank from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday.

National Bank Trading Down 0.4%

Shares of NYSE:NBHC opened at $37.04 on Tuesday. The company has a 50 day moving average of $38.99 and a 200-day moving average of $41.17. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.65 billion, a P/E ratio of 17.21 and a beta of 0.83. National Bank has a twelve month low of $35.50 and a twelve month high of $47.28.

National Bank (NYSE:NBHC) last posted its quarterly earnings data on Tuesday, October 27th. The financial services provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.73). The firm had revenue of $126.44 million during the quarter, compared to the consensus estimate of $134.81 million. National Bank had a return on equity of 5.90% and a net margin of 8.02%. During the same period in the prior year, the firm posted $0.92 EPS. As a group, analysts anticipate that National Bank will post 2.75 earnings per share for the current fiscal year.

National Bank Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Friday, November 27th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, November 27th. This is a positive change from National Bank’s previous quarterly dividend of $0.32. National Bank’s dividend payout ratio is presently 101.59%.

Insider Transactions at National Bank

In other National Bank news, Director Art Zeile sold 4,000 shares of the stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $37.43, for a total transaction of $149,720.00. Following the sale, the director owned 15,816 shares of the company’s stock, valued at $591,992.88. This represents a 20.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On National Bank

Institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of National Bank in the 3rd quarter valued at about $1,663,000. Empowered Funds LLC lifted its stake in National Bank by 30.9% in the 1st quarter. Empowered Funds LLC now owns 198,568 shares of the financial services provider’s stock valued at $7,776,000 after acquiring an additional 46,869 shares in the last quarter. Bank of America Corp DE increased its stake in National Bank by 45.8% in the 1st quarter. Bank of America Corp DE now owns 135,454 shares of the financial services provider’s stock valued at $5,304,000 after buying an additional 42,572 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in National Bank by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,100,944 shares of the financial services provider’s stock worth $82,271,000 after acquiring an additional 40,669 shares in the last quarter. Finally, North Reef Capital Management LP acquired a new position in National Bank during the first quarter valued at approximately $12,545,000. Institutional investors and hedge funds own 92.65% of the company’s stock.

About National Bank

National Bank Holdings Corporation is a bank holding company whose subsidiary, NBH Bank, provides commercial and consumer banking services. It serves individuals, businesses and organizations through regional banking brands, including Community Banks of Colorado, Bank Midwest and Hillcrest Bank. Its offerings include deposit accounts, commercial and consumer loans, mortgage services, treasury management and other banking services. The company’s banking operations serve communities in Colorado, Kansas, Missouri, New Mexico, Texas and Utah.